Plan Snapshot
- Plan Sponsor: Heartland Agriculture, LLC
- Sponsor EIN: 465455228
- Sponsor Address: 1180 STATE HIGHWAY 7 EAST, HUTCHINSON, MN, 55350
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $971,041 | $1.8M |
| 2022 | 324 | $14.9M | $956,837 | $1.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DOUGLAS & CO DBA GREAT WESTERN BANK | OTHER | $36,045 | — | $36,045 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $23,827 | — | $23,827 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $12,303 | — | $12,303 |
| FORVIS MAZARS,LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS,LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,175
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2023 | $79,753 | $11,768 | — | — | — |
| 2022 | $72,675 | $48,348 | $24,327 | — | — |